Powell’s Powell, inflation data, and main anti -markets forward

the Encryption It is preparing for potential fluctuations as investors look forward to many major economic data points this week. according to Wu BlockchainThere can be many decisive players, including the Fed Jerome Powell chair and consumer price index data, market morale in the coming days.

On February 11, Federal Reserve The Chairman of the Board of Directors, Jerome Powell, will submit a semi -annual monetary policy certificate to the Financial Services Committee in the House of Representatives. Powell’s data is likely to shed light on the Federal Reserve’s position on interest rates, inflation and economic expectations, which may affect risk assets such as cryptocurrencies.

Powell is scheduled to appear in front of Congress on Tuesday and Wednesday, and investors will see hints on future monetary policy movements.

Investors are awaiting a large number of economic data this week, including US CPI data, or consumer price index, a report for the month of January, which is scheduled to be released on February 12. On Wednesday, 8:30 am, inflation data will be released, which will provide an insight into the health of the American economy. This will be followed by the price of the price of producers and the initial weekly unemployed demands on Thursday, then retail sales data on Friday.

You will see the markets closely these developments, which can determine the Bitcoin, ETHEREUM and altcoins tone in the short term.

Surprises of the encryption market for influence

Investors will be aware close Economic data Exit this week, especially fresh inflation numbers. The higher consumer price index report, which is expected to reduce the possibility of an early rate reduction, may lead to pressure on the encrypted currency market, while the lesser number expected can enhance the high risk.

The cryptocurrency market was flat on Monday, as many digital assets deployed mixed prices. Bitcoin returned over $ 97,000 after declining at the lowest at $ 94,730 in Sunday’s session. Currently, BTC is trading within the wider range from 90,000 dollars to $ 100,000, while tightening modern movements to a range between 95,000 dollars and $ 100,000.

Ethereum has a decrease of $ 2522 on Sunday, but has risen to $ 2645 since then. Sol, Monero, Litecoin, SUI and some other metal currencies were at the time of the press. Meanwhile, XRP, BNB, Stellar (XLM), Pepe and other cryptocurrencies have seen losses.

The Crypto Fear & Greed index, which measures market morale for Bitcoin and other cryptocurrencies, has been afraid of last week, with an average of 44 out of 100.